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Regulation
South Korean Regulator Extends AML Rules Adoption until the End of the Year
2021-06-15T21:57:15.000+02:00
The financial watchdog originally set a deadline until early July to implement the new anti-money laundering rulings.
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Regulation
Korean FSC Orders Banks to Mandate ID Verification for Crypto Clients
2021-06-14T10:59:29.000+02:00
All crypto exchanges in the country need to apply for a license with the FSC before September 24.
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South Korean Energy Company to Audit Companies Suspected of Mining Cryptos
2021-06-12T00:05:07.000+02:00
A crackdown was conducted in 2018 on companies who were engaged in the illicit use of energy to mine virtual currencies.
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Regulation
South Korea to Proceed with Crypto Tax Plans despite Calls to Delay It
2021-05-28T20:02:54.000+02:00
The Financial Service Commission (FSC) has been confirmed as the top government body to regulate cryptos.
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News
South Korea Sees Leveraged Crypto Trading as a Threat to Banking
2021-05-27T14:29:41.000+02:00
The central bank governor pledged to monitor crypto-related transactions in the country.
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Three Major Tech Firms Are Interested in Joining South Korea’s CBDC Pilot
2021-05-26T23:23:48.000+02:00
Digital won's pilot will be split by the Bank of Korea into two stages starting August 2021.
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Regulation
South Korean Regulator Says Crypto Investors Are Covered by the Revised Law
2021-05-26T17:55:37.000+02:00
The country's top financial regulator warns that they cannot protect cryptocurrency users from volatility.
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Three South Korean Banks Say They Don’t Want to Work with Crypto Exchanges
2021-05-25T18:15:12.000+02:00
One of the banking officials surveyed believes other financial holdings might have a similar stance.
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News
South Korea Deploying System to Monitor Crypto Phishing
2021-05-10T15:13:01.000+02:00
The local authorities blocked 32 phishing websites in the last three months.
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South Korea Seeks Crypto Exchange Data from Banks
2021-05-06T13:47:08.000+02:00
The regulators are trying to identify all crypto exchanges operating in the country.
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South Korean Crypto Exchange Daybit to Shutter, Cites Harsh Laws
2021-04-26T12:53:45.000+02:00
Many local crypto operations in the country are on the verge of shutting down.
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South Korean Government Seizes Crypto Holdings of Tax Evaders
2021-04-23T13:55:39.000+02:00
The city government has seized $22 million in digital currencies.
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News
South Korea to Launch Crackdown on Illegal Cryptocurrency Transactions
2021-04-19T10:03:48.000+02:00
The authorities are planning to eliminate the use of cryptocurrencies in money laundering.
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OKEx Korea to Shutter Due to Regulations, Business Difficulties
2021-03-23T12:49:28.000+02:00
The exchange will cease operations from April 7.
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Crypto Beats Stock Trading in South Korea
2021-03-15T12:55:17.000+02:00
The total trading volume on South Korea’s crypto exchanges jumped above $14.5 billion on Sunday.
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Shinhan Bank Builds CBDC System with LG CNS Partnership
2021-03-10T15:19:09.000+02:00
The system will allow individuals to utilize the issued CBDCs in various ways.
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Regulation
South Korea to Impose Heavy Penalty on Cryptocurrency Violations
2021-03-10T15:06:39.000+02:00
The financial regulator will impose a fine on digital exchanges for failure to report suspicious crypto transactions.
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Thought Leaders
ParagonEX Dynamic Signs an Exclusive Partnership in South Korea
2021-03-10T10:00:50.000+02:00
This new collaboration aims to present new, innovative, easy-to-use products and services to its customers.
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South Korean Crypto Exchange Opens Local Branch in China
2021-02-10T15:13:09.000+02:00
The local branch will start operating from next month.
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South Korean Conglomerate Hanwha Buys $52 Million Stake in Upbit
2021-02-03T14:03:43.000+02:00
The minority ownership will be transferred on February 22.
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News
Bithumb Acquisition: Vidente Debunks Claims on Nexon Partnership
2021-01-08T13:59:15.000+02:00
Nexon reportedly partnered with Vidente to buy majority stakes in the crypto exchange.
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South Korea’s Hashed Raises $120 Million for Crypto Venture Fund
2020-12-28T13:19:32.000+02:00
The group already backs many prominent projects like Klaytn, Link and ICON.
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Seoul Police Indicted Coinbit Executives for Market Manipulation
2020-12-09T08:47:24.000+02:00
99 percent of the trading volume on the local exchange are allegedly fake.
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South Korea Plans to Delay Crypto Income Tax Rule
2020-11-25T09:40:22.000+02:00
Korea's National Assembly proposed a delay in the crypto tax rule to push the implementation to January 2022.
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Regulation
South Korea Will Ban Domestic Circulation of Privacy Coins
2020-11-04T11:54:41.000+02:00
The new law will come into effect in March 2021.
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